Can Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insights

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dc.citation.epage69
dc.citation.issue1
dc.citation.journalTitleJournal of Socio-Economicseng
dc.citation.spage45
dc.citation.volume33
dc.contributor.affiliationUniversidad EAFIT, Departamento de Economía y Finanzas, Medellín, Colombia.spa
dc.contributor.authorBreton, Theodore R.spa
dc.contributor.departmentEscuela de Economía y Finanzasspa
dc.contributor.departmentEconomíaspa
dc.contributor.programEstudios en Economía y Empresaspa
dc.date2004
dc.date.accessioned2015-11-06T16:38:29Z
dc.date.available2015-11-06T16:38:29Z
dc.date.issued2004
dc.description.abstractWhen the Solow model is augmented with variables for institutions and human capital and estimated with national data for rates of investment in education, it can explain most of the variation in cross-country standards of living. The empirical results indicate that human capital is as important as physical capital in the determination of national income and that a high government share of consumption substantially reduces total factor productivity (TFP) and national income. The results also indicate that government integrity is endogenous in the development process and has an uncertain effect on total factor productivity.eng
dc.identifier.doidoi:10.1016/j.socec.2003.12.004
dc.identifier.issn1053-5357
dc.identifier.urihttp://hdl.handle.net/10784/7611
dc.language.isoengeng
dc.publisherElseviereng
dc.relation.ispartofJournal of Socio-Economics. Vol.33(1), 2004, pp.45-69spa
dc.relation.isversionofhttp://www.sciencedirect.com/science/article/pii/S1053535703001069
dc.relation.urihttp://www.sciencedirect.com/science/article/pii/S1053535703001069
dc.rightsrestrictedAccesseng
dc.rightsCopyright © 2004 Elsevier Inc. All rights reserved.spa
dc.rights.accessrightsinfo:eu-repo/semantics/restrictedAccesseng
dc.rights.localAcceso restringidospa
dc.sourceJournal of Socio-Economics. Vol.33(1), 2004, pp.45-69spa
dc.subject.keywordGovernanceeng
dc.subject.keywordCorruptioneng
dc.subject.keywordSolow modeleng
dc.subject.keywordHuman capitaleng
dc.subject.keywordEconomic growtheng
dc.titleCan Institutions or Education Explain World Poverty? An Augmented Solow Model Provides Some Insightseng
dc.typearticleeng
dc.typeinfo:eu-repo/semantics/articleeng
dc.typeinfo:eu-repo/semantics/publishedVersioneng
dc.type.hasVersionObra publicadaspa
dc.type.localArtículospa

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